Google and Others Sink $542 Million Into Mystery Virtual Reality Venture

Search giant Google, along with several other interests, just invested more than half a billion dollars in a mysterious venture called Magic Leap, a company that, based on various reports, is working on technology focused on the virtual reality and augmented reality space

So far, the company has kept a tight lid on what exactly it has to offer in terms of technical specifics but, whatever it is, Google and several other major players believe it's worth the $542 million in investment dollars announced on Tuesday

See also: 5 Roadblocks to Virtual Reality Becoming Mainstream

Also included in the investment round are Silicon Valley heavyweight venture capital firm Andreessen Horowitz, private equity firm KKR, Vulcan Capital, Kleiner Perkins Caufield & Byers, film studio Legendary Entertainment and telecom company Qualcomm Read more...

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